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SBI has allocated Rs 70 crore to tackle COVID-19's second surge, check details


The State Bank of India (SBI) has set aside Rs 71 crore to fund various initiatives aimed at countering Covid-19's second stage, and is in discussion with various appointed officials to pursue alliances for the establishment of makeshift hospitals. The country's largest commercial bank has committed Rs 30 crore to the establishment of 1,000-bed makeshift hospitals, 250-bed hospitals and clinics, and 1,000-bed isolation facilities in some of the most severely affected states. The lender stated in a report on Monday that these projects will be built in partnership with government hospitals and local bodies in the respective cities. SBI will also allocate Rs 10 crore to the government for genome-sequencing, lab, and vaccine research devices.


SBI has allocated Rs 70 crore to tackle COVID-19's second surge, check details

In addition, SBI has set aside Rs 21 crore for each of its 17 local head offices to meet citizens' immediate medical needs, such as purchasing life-saving healthcare devices and improving oxygen supply to hospitals. PPE kits, masks, rations, and prepared meals will continue to be provided by the bank. The lender will also allocate Rs. 10 crore in community-based research, improving vaccination campaigns, establishing a helpline for COVID-19-related issues, supplying oxygen, and other essential activities in collaboration with NGOs. SBI has partnered with a number of hospitals to have its staff vaccinated. In addition, the Bank has agreed to cover the cost of vaccinations for its workers and their related family members. For impacted workers and their families, the Bank has developed 60 of its training centres throughout the country into isolation/quarantine centres.

Chairman of the SBI, Dinesh Khara, stated that "We are trying our best to make a small contribution to society in the fight against the second wave." He further added that "We are committed to contribute funds, resources and reach out to the citizens of India and also join in the government's efforts in fighting the virus. I urge everyone to offer their support in any form to the people in need and contribute towards making the country Covid-19 free."

Story first published: Monday, May 3, 2021, 17:14 [IST]
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